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-proportions trade vi) the world trade-to-output ratio increases over time. I argue that standard economic theories ignore the vast …
Persistent link: https://www.econbiz.de/10011742669
This paper studies the origins and consequences of international technology gaps. I develop an endogenous growth model … theory characterizes how innovation and learning determine technology gaps, trade and global income inequality. Countries … innovation-dependence by industry from R&D and bilateral trade data. Calibrating the model implies technology gaps, due to cross …
Persistent link: https://www.econbiz.de/10012029168
two-sector growth model, the Oniki-Uzawa trade model, and the neoclassical growth models in environmental economics. The …, economic structure, domestic and global division of labor, international trade and environmental change with transboundary … system. Our analysis provides some insights into the complexity of global economic growth with environment. For instance, the …
Persistent link: https://www.econbiz.de/10010470656
Persistent link: https://www.econbiz.de/10010399414
overemphasized. Many studies have shown a strong positive impact of trade on economic growth across developed and the emerging market …. However, very little is known about the simultaneous effect of trade and investment on growth in SSA when institutional … control variables are introduced in the model. Therefore, this study examines the role of trade and investment in the growth …
Persistent link: https://www.econbiz.de/10012023952
The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …
Persistent link: https://www.econbiz.de/10011298539
This article presents a Ricardian model of trade with learning-by-doing to study the effect of barriers to trade in … products with low growth potential on the long-run economic growth. The model shows that, when elasticity of demand for the … the product with a higher learning potential, thus enhancing growth in the exporter economy. Therefore, although with some …
Persistent link: https://www.econbiz.de/10011487980
production and trade. Imposing stylized facts of growth as restrictions, we assess the relative size of the implied prediction …Factor endowments are usually taken as given in trade theoretical analyses of technological change. We use the …-sector small open economy, an effect which has largely been neglected in trade theory literature. We show that ignoring the …
Persistent link: https://www.econbiz.de/10003787731
Persistent link: https://www.econbiz.de/10003947381
neoclassical framework, that international trade among two countries differing only in their initial capital endowment generates … long-run income differences. Our results suggests that trade creates opposite incentives to accumulate capital …. Transitionally, the returns to investment with trade are smaller for countries initially less endowed with capital as when compared …
Persistent link: https://www.econbiz.de/10003923362